EQUITY PURCHASE AGREEMENT AND REGISTRATION RIGHTS AGREEMENT	3 Months Ended
Mar. 31, 2023
Equity Purchase Agreement And Registration Rights Agreement
EQUITY PURCHASE AGREEMENT AND REGISTRATION RIGHTS AGREEMENT	NOTE 9 - EQUITY PURCHASE AGREEMENT AND REGISTRATION RIGHTS AGREEMENT On May 3, 2021, the Company entered into an Equity Purchase Agreement (“EPL”) and Registration Rights Agreement with Peak One Opportunity Fund LP (“Peak One” or the “Investor”). For further information on EPL, refer to our 2021 Annual Report on Form 10-K filed with the SEC on April 15, 2022. The Company filed a post-effective amendment Registration Statement on Form S-1 with the Commission on April 26, 2022, and the Form S-1 was declared effective on May 6, 2022. The Company filed the prospectus in this connection on May 11, 2022. Further, the Company filed a second post-effective amendment Registration Statement on Form S-1 with the Commission on April 19, 2023, and the Form S-1 was declared effective on April 25, 2023. The Company filed the prospectus in this connection on May 2, 2023. During the three months ended March 31, 2023, the Company did not sell any shares of Common Stock under the EPL. During the three months ended March 31, 2022, the Company sold a total of 300,000 shares of Common Stock at $0.17, for total net proceeds of approximately $52 thousand.

EQUITY PURCHASE AGREEMENT AND REGISTRATION RIGHTS AGREEMENT

3 Months Ended

Mar. 31, 2023

Equity Purchase Agreement And Registration Rights Agreement

EQUITY PURCHASE AGREEMENT AND REGISTRATION RIGHTS AGREEMENT

NOTE 9 - EQUITY PURCHASE AGREEMENT AND REGISTRATION RIGHTS AGREEMENT

On May 3, 2021, the Company entered into an Equity Purchase Agreement (“EPL”) and Registration Rights Agreement with Peak One Opportunity Fund LP (“Peak One” or the “Investor”). For further information on EPL, refer to our 2021 Annual Report on Form 10-K filed with the SEC on April 15, 2022.

The Company filed a post-effective amendment Registration Statement on Form S-1 with the Commission on April 26, 2022, and the Form S-1 was declared effective on May 6, 2022. The Company filed the prospectus in this connection on May 11, 2022. Further, the Company filed a second post-effective amendment Registration Statement on Form S-1 with the Commission on April 19, 2023, and the Form S-1 was declared effective on April 25, 2023. The Company filed the prospectus in this connection on May 2, 2023.

During the three months ended March 31, 2023, the Company did not sell any shares of Common Stock under the EPL.

During the three months ended March 31, 2022, the Company sold a total of 300,000 shares of Common Stock at $0.17, for total net proceeds of approximately $52 thousand.